X0101 EFFECT 33 LIVE 2017-08-31 16:00:00

N-1A

0001710680 HIGHLAND FLOATING RATE OPPORTUNITIES FUND II 333-219103 S000058986 Highland Floating Rate Opportunities Fund II C000193465 Class A S000058986 Highland Floating Rate Opportunities Fund II C000193466 Class C S000058986 Highland Floating Rate Opportunities Fund II C000193467 Class Z